Recent News About U.S. Small Business Administration
By Business Daily | Jul 31, 2024
Administrator Guzman Announces Transformation of Customer Experience for Federal Contracting Certifications
By Business Daily | Jul 29, 2024
The U.S. Small Business Administration (SBA) announced lender fees for the fiscal year 2025 for its 7(a) and 504 loan programs. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, stated that for the second consecutive year, the SBA will not charge upfront fees for loans of $1,000,000 or less under both programs.
By Business Daily | Jul 23, 2024
BOSTON – On Monday, July 22, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to Boston alongside U.S. Senator Ed Markey, member of the Senate Committee on Small Business and Entrepreneurship, to highlight the impact of Inflation Reduction Act investments in community energy projects and to introduce a new SBA initiative to attract additional private capital to support small business investments in the clean energy transition.
By Business Daily | Jul 22, 2024
The Biden-Harris Administration has announced the launch of a new Green Lender Initiative aimed at enrolling additional climate lenders in the U.S. Small Business Administration’s (SBA) loan programs. The initiative, unveiled by SBA Administrator Isabel Casillas Guzman, seeks to leverage SBA loan guarantees to attract private capital for clean energy investments, aligning with President Biden's Inflation Reduction Act.
By Business Daily | Jul 19, 2024
The U.S. Small Business Administration (SBA) has announced a new funding opportunity for Native American-owned small businesses under the pilot Native American Trade Expansion Program (NATEP). The program, introduced by Administrator Isabel Casillas Guzman, aims to provide up to $240,000 in grants to support the expansion of exporting opportunities for these businesses. Proposals must be submitted by July 31, no later than 11:59 p.m. EDT.
By Business Daily | Jul 18, 2024
SAN JUAN – From Monday, July 15 through Tuesday, July 16, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet representing America's more than 33 million small businesses, visited Puerto Rico to participate in the Global Entrepreneurship Conference. During her visit, she engaged with local small businesses and discussed strategies for promoting entrepreneurship in Puerto Rico and across the Western Hemisphere.
By Business Daily | Jul 15, 2024
The U.S. Small Business Administration (SBA) has announced $3 million in new funding under the Cybersecurity for Small Businesses Pilot Program. The grants will be awarded to state agencies to provide training, counseling, and other tailored cybersecurity services for startups and emerging entrepreneurs.
By Business Daily | Jul 13, 2024
The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations in Tennessee that August 2 is the filing deadline for federal working capital loans for losses due to severe storms, straight-line winds, and tornadoes that occurred on August 7, 2023.
By Business Daily | Jul 5, 2024
FARGO, N.D. – On Tuesday, July 2, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to Fargo, North Dakota, for the next stop on her nationwide Small Business Boom tour.
By Business Daily | Jul 5, 2024
NEW ORLEANS – On Friday, July 5, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to New Orleans to participate in the Essence Festival of Culture and meet with 2024 National Small Business Person of the Year and Louisiana native, Iam C. Tucker.
By Business Daily | Jun 28, 2024
The U.S. Small Business Administration (SBA) announced a new funding solicitation for its Regional Innovation Cluster (RIC) Initiative, marking the first time awards will be made at two funding levels: emerging and mature clusters. The RIC solicitation will open on July 1, 2024, and close on July 26 at 1:00 PM ET.
By Business Daily | Jun 20, 2024
The U.S. Small Business Administration (SBA) announced over $1 million in new funding to provide critical training and counseling to aspiring and existing veteran small business owners through the Veterans Business Outreach Center (VBOC) program.
By Business Daily | Jun 14, 2024
The U.S. Small Business Administration (SBA), in collaboration with Women Impacting Public Policy (WIPP) and American Express (AMEX), will cohost ChallengeHER events in Detroit on June 17 and in Colorado Springs on August 22. The initiative aims to provide government contracting education for women entrepreneurs.
By Business Daily | Jun 12, 2024
WASHINGTON – Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, released a statement in response to President Biden’s announcement that more than 18 million new business applications have been filed under the Biden-Harris administration.
By Business Daily | Jun 12, 2024
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, released a statement in response to President Biden’s announcement that more than 18 million new business applications have been filed under the Biden-Harris administration.
By Business Daily | Jun 12, 2024
On Thursday, June 13, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, will travel to Chicago, Illinois. The visit is set to coincide with the Opportunity Finance Network’s (OFN) Small Business Finance Forum and Pride Month celebrations while also marking the start of the SBA’s Small Business Boom tour.
By Business Daily | Jun 11, 2024
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced four funding opportunities for Women’s Business Centers (WBCs) totaling $30 million. This initiative includes support for the expansion of the WBC network, the establishment of a WBC in the U.S. Virgin Islands, and specialized funding for WBCs focusing on federal contracting and child care businesses.
By Business Daily | Jun 7, 2024
SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration (SBA), today reminded Washington small nonfarm businesses in Clallam, Grays Harbor, Island, Jefferson, Kitsap, and Mason counties of the July 8, 2024 deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans aim to offset economic losses due to reduced revenues caused by drought in Clallam and Jefferson counties that began on September 12, 2023.
By Business Daily | Jun 6, 2024
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan.
By Business Daily | May 31, 2024
On Friday, May 31, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, concluded Asian American and Native Hawaiian/Pacific Islander (AANHPI) Heritage Month with visits to two AANHPI-owned small businesses in Washington, D.C. The visits aimed to highlight how the President’s Investing in America economic agenda is uplifting AANHPI entrepreneurs.
